钢铁业首次反“内卷” 中钢协将警示6家“卷王”

Group 1 - The China Iron and Steel Association (CISA) will warn six companies with negative cash flow in their main steel business for 2024 and Q1 2025, despite increasing crude steel production, to address "involution" and vicious competition in the industry [1][2] - CISA Secretary-General Jiang Wei emphasized the need for industry self-discipline and collective efforts to face risks and challenges, aiming for stable economic growth and high-quality development [1][2] - The recent document from the Central Committee and State Council outlines specific measures to rectify "involution" and vicious competition, including the establishment of a price supervision system by industry associations [2] Group 2 - The steel industry is experiencing a significant oversupply, with crude steel production reaching 25,933 million tons in Q1 2025, a year-on-year increase of 155 million tons, while apparent consumption decreased by 286 million tons [3] - Jiang Wei noted that the rapid growth in supply and declining demand has disrupted the fragile supply-demand balance, leading to a continuous decline in steel prices [3] - Steel exports surged to 1,045.6 million tons in March, a 5.7% year-on-year increase, driven by domestic exporters' concerns over potential future trade measures and U.S. tariff policies [3]